Overview
Offered for sale is a civil engineering group specialising in the provision of groundwork, charging infrastructure, and installation services for EV charging points across the UK.
The group provides a full turnkey solution, providing services such as pre-installation design, project management, electrical design, maintenance, and support.
The companies also offer complete site management and principal contractor services, and prides itself on delivering a bespoke service to each client.
Having built up highly reputable businesses, our clients are offering the group for sale to realise its value and to facilitate their exit plan.
Offers invited.
Key Highlights
- Currently works with seven active clients in the EV infrastructure market, all of which provide ongoing streams of reliable revenue.
- Has strong relationships with leading EV businesses and works alongside numerous Independent Connection Providers.
- Operates in a market that is growing exponentially, with the AVF manufacturing industry set to expand at a CAGR of 7.7% by 2028.
- Experienced and dedicated team in place, with support from subcontracted groundworkers across the country.
- Operates from a leasehold unit.
Financial Highlights
- Combined turnover in excess of £4.7m for YE23.
- Achieved a combined adjusted EBITDA of circa £1.3m in the same year.
- Combined partial management figures show a turnover in excess of £6.2m for YE24.
- Current pipeline in excess of £10m for projects up to 2025.
- Part of client plans to build a super hub that has the potential to generate up to £2m. Works are expected to start in March 2024.
- Discussions are currently ongoing to carry out multiple EV projects on MoD sites across the south.
- Moving towards building an independent hub for a client, which could generate up to £1m.
- In discussions with an ICP for an 18-month contract worth £750k and has a new contract which is set to generate £700k and due to start in January 2024.
- Currently, the group invoices around £800k per month.
- Primary client has recently secured major investment which will in turn see a significant increase in the company’s turnover.
